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HomeMy WebLinkAbout03.23.22@630 RegularWednesday, March 23, 2022 6:30 PM City of South San Francisco P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA Municipal Services Building, Council Chambers 33 Arroyo Drive, South San Francisco, CA Successor Agency to the Redevelopment Agency Regular Meeting Agenda HYBRID IN-PERSON/VIRTUAL MEETING March 23, 2022Successor Agency to the Redevelopment Agency Regular Meeting Agenda HYBRID IN-PERSON/VIRTUAL MEETING NOTICE The purpose of conducting the meeting as described in this notice is to provide the safest environment for staff and the public while allowing for public participation. Boardmembers Coleman, Flores and Addiego, Vice Chair Nicolas and Chair Nagales and essential City staff may participate via Teleconference. Pursuant to Ralph M. Brown Act, Government Code Section 54953, all votes shall be by roll call due to council members participating by teleconference. The Successor Agency may meet by teleconference, consistent with the Brown Act as amended by AB 361 (2021). Under the amended rules, the City will not provide a physical location for members of the public to participate in the teleconference meeting. American Disability Act: The Board Clerk will provide materials in appropriate alternative formats to comply with the Americans with Disabilities Act. Please send a written request to Board Clerk Rosa Govea Acosta at 400 Grand Avenue, South San Francisco, CA 94080, or email at [email protected]. Include your name, address, phone number, a brief description of the requested materials, and preferred alternative format service at least 72-hours before the meeting. Accommodations: Individuals who require special assistance of a disability -related modification or accommodation to participate in the meeting, including Interpretation Services, should contact the Office of the City Clerk by email at [email protected], 72-hours before the meeting. Notification in advance of the meeting will enable the City of South San Francisco to make reasonable arrangements to ensure accessibility to the meeting. Page 2 City of South San Francisco Printed on 4/18/2022 March 23, 2022Successor Agency to the Redevelopment Agency Regular Meeting Agenda ZOOM LINK BELOW -NO REGISTRATION REQUIRED Join Zoom meeting https://ssf-net.zoom.us/j/82476219336 (Enter your email and name) Join by One Tap Mobile : US: +16699006833,,82476219336# or +12532158782,,82476219336# Join by Telephone: Dial (for higher quality, dial a number based on your current location): US: +1 346 248 7799 or +1 669 900 6833 or 833 548 0276 (Toll Free) Webinar ID: 824 7621 9336 How to observe the Meeting (no public comment): 1) Local cable channel: Astound, Channel 26, Comcast, Channel 27, or AT&T, Channel 99 2) https://www.ssf.net/government/city-council/video-streaming-city-and-council-meetings/city-council How to submit written Public Comment before the City Council Meeting: Members of the public are encouraged to submit public comments in writing in advance of the meeting via the eComment tab by 4:30 p.m. on the meeting date. Use the eComment portal by clicking on the following link : https://ci-ssf-ca.granicusideas.com/meetings or by visiting the City Council meeting's agenda page. eComments are also directly sent to the iLegislate application used by Successor Agency and staff. How to provide Public Comment during the City Council Meeting: 1) By Phone: (669) 900-6833. Webinar ID is 824 7621 9336. Click *9 to raise a hand to speak. Click *6 to unmute when called. By One tap mobile: US: +16699006833,,82476219336# or +12532158782,,82476219336# 2) Online at: https://ssf-net.zoom.us/j/82476219336 a. Enter an email address and name. The name will be visible online and will be used to notify you that it is your turn to speak. b. When the Clerk calls for the item on which you wish to speak, click on "raise hand." Speakers will be notified shortly before they are called to speak. c. When called, please limit your remarks to the time limit allotted. IN-PERSON: Please complete a Digital Speaker Card located at the entrance to the Council Chamber ’s. Be sure to indicate the Agenda Item # you wish to address or the topic of your public comment. When your name is called, please come to the podium, state your name and address (optional) for the Minutes. COMMENTS ARE LIMITED TO THREE (3) MINUTES PER SPEAKER. Thank you for your cooperation. Page 3 City of South San Francisco Printed on 4/18/2022 March 23, 2022Successor Agency to the Redevelopment Agency Regular Meeting Agenda PEOPLE OF SOUTH SAN FRANCISCO The Successor Agency's regular meetings are held on the fourth Wednesday of each month at 6:30 p.m. MARK NAGALES, Chair BUENAFLOR NICOLAS, Vice Chair MARK ADDIEGO, Boardmember JAMES COLEMAN, Boardmember EDDIE FLORES, Boardmember ROSA GOVEA ACOSTA, Board Clerk FRANK RISSO, City Treasurer MIKE FUTRELL, City Manager SKY WOODRUFF, City Attorney In accordance with California Government Code Section 54957.5, any writing or document that is a public record, relates to an open session agenda item, and is distributed less than 72 hours prior to a regular meeting will be made available for public inspection in the City Clerk’s Office located at City Hall. If, however, the document or writing is not distributed until the regular meeting to which it relates, then the document or writing will be made available to the public at the location of the meeting, as listed on this agenda. The address of City Hall is 400 Grand Avenue, South San Francisco, California 94080. Page 4 City of South San Francisco Printed on 4/18/2022 March 23, 2022Successor Agency to the Redevelopment Agency Regular Meeting Agenda CALL TO ORDER ROLL CALL PLEDGE OF ALLEGIANCE AGENDA REVIEW PUBLIC COMMENTS Comments received by the deadline will be included as part of the meeting record but will not be read aloud during the meeting. The Public Comment portion of the meeting is reserved for persons wishing to address the Successor Agency on any matter NOT on the agenda. Comments on agenda items will be taken when that item is called. If joining the conference by phone you may raise your hand by dialing *9 and *6 to unmute. State law prevents Council from responding to public comments or taking action on matters not on the agenda . The Successor Agency may refer comments to staff for follow -up. Speakers are limited to three minutes. If there appears to be a large number of speakers, the Chair may reduce speaking time to limit the total amount of time for public comments (Gov. Code sec. 54954.3.(b)(1).). Speakers that are not in compliance with the City Council's rules of decorum will be muted. CONSENT CALENDAR Motion to approve the Minutes for the meetings of August 25, 2021, September 8, 2021, December 8, 2021, and February 9, 2022. 1. Report regarding a resolution of the Successor Agency to the Former Redevelopment Agency of the City of South San Francisco authorizing an amendment to the Land Lease Agreement with Magnolia SSF LP for 630 Baden Avenue. (Sky Woodruff, City Attorney) 2. Resolution of the Successor Agency to the Former Redevelopment Agency of the City of South San Francisco authorizing the Executive Director to amend the Land Lease Agreement with Magnolia SSF LP for the land at 630 Baden Avenue. 2a. ADJOURNMENT Page 5 City of South San Francisco Printed on 4/18/2022 City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:22-209 Agenda Date:3/23/2022 Version:1 Item #:1. Motion to approve the Minutes for the meetings of August 25, 2021, September 8, 2021, December 8, 2021, and February 9, 2022. City of South San Francisco Printed on 4/18/2022Page 1 of 1 powered by Legistar™ CALL TO ORDER 6:36 p.m. ROLL CALL Boardmember Coleman, participated via Zoom Boardmember Flores, present in Council Chambers Boardmember Nicolas, present in Council Chambers Vice Chair Nagales, participated via Zoom Chair Addiego, present in Council Chambers AGENDA REVIEW No changes. PUBLIC COMMENTS None. CONSENT CALENDAR 1. Motion to approve the Minutes for the meetings of July 22, 2020 and December 9, 2020. 2. Report regarding Resolution No. 01-2021 of the Successor Agency to the Former Redevelopment Agency of the City of South San Francisco reviewing and approving the amended recognized obligation payment schedule for the period January 1, 2022 through June 30, 2022, pursuant to health and safety code sections 34177(o)(1)(E). (Mike Futrell, City Manager) Motion—Boardmember Nicolas/Second—Boardmember Flores: To approve consent calendar. Approved by the following roll call vote: AYES: Boardmembers Coleman, Flores, and Nicolas, Vice Chair Nagales and Chair Addiego; NAYS: None; ABSENT: None; ABSTAIN: None. ADJOURNMENT Being no further business Chair Addiego adjourned the meeting at 6:39 p.m. Submitted: Approved: Rosa Govea Acosta, MMC, CPMC Mark Nagales City Clerk Chair Approved by the Successor Agency: / / MINUTES REGULAR SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY Hybrid In-Person/Virtual Meeting City Council conducted this meeting in-person and remotely via the ZOOM virtual meeting platform in accordance with California Governor Newsom’s Executive Orders N-29-20, N-63-20, and N-08-21 and COVID-19 pandemic protocols. WEDNESDAY, AUGUST 25, 2021 6:30 P.M. CALL TO ORDER Mayor Addiego called the meeting to order at 6:13 p.m. ROLL CALL Councilmember Coleman, present in Council Chambers Councilmember Flores, present in Council Chambers Councilmember Nicolas, present in Council Chambers Vice Mayor Nagales, present in Council Chambers Mayor Addiego, present in Council Chambers * *For purposes of these minutes Successor Agency Member titles are assumed in the reference to Councilmembers titles and all actions and discussions are on behalf of the Council and Successor Agency in a joint capacity. AGENDA REVIEW No changes. PUBLIC COMMENTS – comments are limited to items on the Special Meeting Agenda. Members of the public were encouraged to submit public comments in writing in advance of the meeting via eComment or during the meeting via Zoom. Two guest users and the following individual provided public comment via Zoom: • Alan Perez Meeting recessed: 6:16 p.m. Meeting resumed: 7:20 p.m. CLOSED SESSION Entered Closed Session: 7:21 p.m. Resumed from Closed Session: 8:01 p.m. MINUTES JOINT SPECIAL MEETING CITY COUNCIL AND SUCCESSOR AGENCY CITY OF SOUTH SAN FRANCISCO WEDNESDAY, SEPTEMBER 8, 2021 6:01 p.m. Hybrid In-Person/Virtual Meeting City Council conducted this meeting in-person and remotely via the ZOOM virtual meeting platform in accordance with California Governor Newsom’s Executive Orders N-29-20, N-63-20, and N-08-21 and COVID-19 pandemic protocols. JOINT SPECIAL CC & SA MEETING SEPTEMBER 8, 2021 MINUTES PAGE 2 1. Closed Session: Conference with Real Property Negotiators (Pursuant to Government Code 54956.8) Properties: 616, 700 and 905 Linden Avenue (APNs 012-174-300, 012-145-370, 012-101-100) Agency Negotiators: Alex Greenwood, ECD Director; Nell Selander, ECD Deputy Director; and Julie Barnard, Economic Development Coordinator) Negotiating Parties: City of South San Francisco and City of South San Francisco Successor Agency to the Redevelopment Agency Under Negotiation: Price and Terms Report out of Closed Session by Mayor Addiego: No reportable action. ADJOURNMENT Being no further business Mayor Addiego adjourned the meeting at 8:02 p.m. Respectfully submitted by: Approved by: Rosa Govea Acosta, MMC, CPMC Mark Nagales City Clerk Mayor _______________________________ _______________________ Rosa Govea Acosta, MMC, CPMC Mark Nagales Clerk of the Board Chair Approved by the City Council: / / CALL TO ORDER 6:02 p.m. ROLL CALL Boardmember Coleman, present in Council Chambers Boardmember Flores, present in Council Chambers Boardmember Nicolas, present in Council Chambers Vice Chair Nagales, present in Council Chambers Chair Addiego, present in Council Chambers AGENDA REVIEW No changes. PUBLIC COMMENTS - comments are limited to items on the Special Meeting Agenda. None. ADMINISTRATIVE BUISNESS 1. Report regarding Resolution No. 02-2021 of the Successor Agency to the Former Redevelopment Agency of the City of South San Francisco, reviewing and approving a Recognized Obligation Payment Schedule and Administrative Budget for Fiscal Year 2022-23. (Janet Salisbury - Finance Director, Eunejune Kim - Public Works Director, and Suzy Kim - RSG) Motion—Vice Chair Nicolas/Second—Board member Coleman: To approve Resolution No. 02-2021, by the following roll call vote: AYES: Board members Addiego, Coleman, and Flores, Vice Chair Nicolas and Chair Nagales; NAYS: None; ABSENT: None; ABSTAIN: None. ADJOURNMENT Being no further business Chair Nagales adjourned the meeting at 6:02 p.m. Submitted: Approved: Rosa Govea Acosta, MMC, CPMC Mark Nagales Clerk of the Board Chair Approved by the Successor Agency: / / MINUTES SPECIAL SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY Hybrid In-Person/Virtual Meeting City Council conducted this meeting in-person and remotely via the ZOOM virtual meeting platform in accordance with California Governor Newsom’s Executive Orders N-29-20, N-63-20, and N-08-21 and COVID-19 pandemic protocols. WEDNESDAY, DECEMBER 8, 2021 6:01 P.M. CALL TO ORDER Mayor Nagales called the meeting to order at 5:30 p.m. ROLL CALL Councilmember Addiego, present * Councilmember Coleman, present – joined the meeting at 5:35 p.m. Councilmember Flores, present Vice Mayor Nicolas, present Mayor Nagales, present *For purposes of these minutes Successor Agency Member titles are assumed in the reference to Councilmembers titles and all actions and discussions are on behalf of the Council and Successor Agency in a joint capacity. AGENDA REVIEW No changes. PUBLIC COMMENTS – comments are limited to items on the Joint Special Meeting. The following individuals provided public comment via eComment including ten guest users: • Rick J. • Celeste Perez • Daniel Perez • David Ceballos • Daniel Perez The following individuals provided public comment: • Russell • Olga Perez • Hermes Monzon • Tom Carney MINUTES JOINT SPECIAL MEETING CITY COUNCIL AND SUCCESSOR AGENCY CITY OF SOUTH SAN FRANCISCO WEDNESDAY, FEBRUARY 9, 2022 5:30 p.m. Teleconference via Zoom The City Council may meet by teleconference, consistent with the Brown Act as amended by AB 361 (2021. Under the amended rules, the City will not provide a physical location for members of the public to participate in the teleconference meeting. JOINT SPECIAL MEETING CITY COUNCIL AND SUCCESSOR AGENCY FEBRUARY 9, 2022 MINUTES PAGE 2 ADMINISTRATIVE BUSINESS 1. Report regarding the Successor Agency disposition and City acquisition of the former Redevelopment Agency properties at 616 and 700 Linden Avenue for $1,660,000. (Deanna Talavera, Management Analyst II) 1a. Resolution No. 16-2022 appropriating $1,660,000 through Budget Amendment number 22.048 for the allocation of funds to pay the Taxing Entities to retain control of the former Redevelopment Agency properties at 616 and 700 Linden Avenue for the purpose of constructing a park. Management Analyst Talavera presented the report and provided an overview of the proposed disposition and acquisition of former Redevelopment Agency properties at 616 and 700 Linden Avenue. The plot at 616 Linden Avenue measures 100 feet by 140 feet and is zoned Downtown Mixed Use. The land is currently used as a 20-space metered parking lot. In 1997, the agency paid $325,000 for the property. A Quonset hut-style building, and an automotive repair shop were the only structures on the property at the time. The lot at 700 Linden Avenue is a 14,000-square-foot site that is 100 feet by 140 feet and is also zoned Downtown Mixed Use. The Agency bought the property for $315,000 in 1998 with the idea of using it as neighborhood parking. The parcel is now open green space. According to the Long-Range Property Management Plan ("LRPMP") and California Health and Safety Code section 34191.5 (c)(2)(A)(i), the Properties were transferred to the City for disposition in accordance with the LRPMP. According to the LRPMP, the highest and best use for the properties at 616 and 700 Linden Avenue is high density housing. Section 34177(e) of the Health and Safety Code mandates that former redevelopment agency properties be sold "as quickly as possible" and in a way that "maximizes value." In the past when disposing of other properties on the LRPMP, the City has sought approval of the sales price from the County of San Mateo Countywide Oversight Board, which is comprised of representatives from the Taxing Entities, and it intends to do so here as well. The City monies allocated to keep the Properties for development as parks will be dispersed to the Taxing Entities in the following percentages, assuming approval by the Oversight Board: Taxing Entity Percentage of Proceeds South San Francisco Unified School District 43.9% San Mateo County 25.7% City of South San Francisco 16.7% SMC Community College District 7.3% Other 6.4% In the City's existing Housing Element, the above properties have been identified as housing opportunity locations. The City will have to find other acceptable sites to replace the Properties if they are developed as a park. If the Properties are developed as a park, this re-designation will be dealt with during the next Housing Element cycle. JOINT SPECIAL MEETING CITY COUNCIL AND SUCCESSOR AGENCY FEBRUARY 9, 2022 MINUTES PAGE 3 Budget Amendment number 22.048 requests that the City Council authorize spending $1,660,000 from the Parks Acquisition Fund (Fund 805) to pay for the preservation of 616 and 700 Linden Avenues. The real cost to the City, if accepted by the Oversight Board, would be $1,382,780, because the City is entitled to a 16.7% share (or approximately $277,220) of the net profits from the transaction. Councilmember Addiego requested clarification on the purchase price of the property and funding. Acting Deputy Director of Economic and Community Development Barnard provided an overview of the acquisition process and cost. City Manager Futrell indicated that $1.1 million funding comes from developer and impact fees. Councilmember Flores expressed his support of the acquisition of these sites noting the benefits to the community and their quality of life. Vice Mayor Nicolas also voiced support and concurred with Councilmember Flores. Councilmember Coleman expressed his support and noted the importance of open space for the community. Mayor Nagales expressed his support and the benefits to the community for future open space by reinvesting funds into the community. He requested that staff respond to community member Carney’s inquiry. Motion – Councilmember Addiego / Second - Councilmember Coleman: To adopt City Council Resolution No. 16-2022 and Successor Agency Resolution No. 01-2022 appropriating $1,660,000 through Budget Amendment number 22.048 for the allocation of funds to pay the Taxing Entities to retain control of the former Redevelopment Agency properties at 616 and 700 Linden Avenue for the purpose of constructing a park, by roll call vote: AYES: Councilmembers Addiego, Coleman, and Flores, Vice Mayor Nicolas, and Mayor Nagales; NAYS: None; ABSENT: None; ABSTAIN: None. ADJOURNMENT Being no further business Mayor Nagales adjourned the meeting at 5:58 p.m. Submitted by: Approved by: Rosa Govea Acosta, MMC, CPMC Mark Nagales City Clerk Mayor Rosa Govea Acosta, MMC, CPMC Mark Nagales City Clerk Chair Approved by the City Council: / / City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:22-184 Agenda Date:3/23/2022 Version:1 Item #:2. Report regarding a resolution of the Successor Agency to the Former Redevelopment Agency of the City of South San Francisco authorizing an amendment to the Land Lease Agreement with Magnolia SSF LP for 630 Baden Avenue.(Sky Woodruff, City Attorney) RECOMMENDATION It is recommended that the Successor Agency to the Former Redevelopment Agency of the City of South San Francisco (“Successor Agency”) adopt a resolution of the Successor Agency to the Former Redevelopment Agency of the City of South San Francisco authorizing an amendment to the Land Lease Agreement with Magnolia SSF LP for 630 Baden Avenue. BACKGROUND/DISCUSSION The Successor Agency to the Former Redevelopment Agency of the City of South San Francisco is the fee owner of the land located at 630 Baden Avenue in South San Francisco. The Former Redevelopment Agency of the City of South San Francisco and South San Francisco Magnolia Plaza Associates, a California limited partnership, were parties to that certain Land Lease dated as of May 1, 1987 (“Original Lease”). The Original Lease allowed for the construction of affordable residential units at Magnolia Plaza. Pursuant to an Assignment and Assumption of Land Lease dated as of December 10, 2021, and together with the Original Lease, (collectively the “Lease”), and recorded December 16, 2021, the Successor Agency and South San Francisco Magnolia Plaza Associates assigned all of its right, title, and interest, as tenant under the Original Lease, to Magnolia SSF LP. Magnolia SSF LP is a single purpose entity fully owned by BRIDGE Housing Corporation, a San Francisco based affordable housing non-profit. Magnolia SSF LP agreed to assume the Original Lease for the balance of the term and to perform all of the covenants, duties, and obligations of San Francisco Magnolia Plaza Associates, as tenant under the Original Lease. The Successor Agency has acknowledged Magnolia SSF LP as the tenant under the Lease. The Successor Agency and Magnolia SSF LP now desire to amend the terms of the Lease to provide for certain modifications requested by Magnolia SSF LP’s lender, Freddie Mac, (“Lender”) in connection with financing of the leasehold estate. A Lease amendment may be required by the Lender to amend Section 4.2 to incorporate one or more of the following requirements: ·Lender consent to termination for any termination, surrender or cancellation ·Written notice to Lender before termination for any termination, surrender or cancellation ·Clarify Lender’s right to a new lease following a rejection of the lease by Magnolia SSF LP in a bankruptcy. The Executive Director will only approve language requiring Lender consent prior to termination, surrender or cancellation of the Lease if necessary to complete the financing, to ensure the ongoing affordability of the units. Adoption of the resolution will authorize the Executive Director to the Successor Agency to execute an amendment to the Lease, according to the terms identified above, and any other modifications that do not City of South San Francisco Printed on 4/18/2022Page 1 of 2 powered by Legistar™ File #:22-184 Agenda Date:3/23/2022 Version:1 Item #:2. increase the Successor Agency’s obligations, subject to Agency Counsel approval as to form. In the course of working on this issue, staff determined that the Successor Agency is still the fee owner of the land located at 630 Baden Avenue. It is not clear why the property was not conveyed to the City as the Housing Successor as part of the redevelopment dissolution process. At a future meeting, staff will be bringing to the Successor Agency Board and City Council proposed actions for the Successor Agency to convey 630 Baden to the City as the Housing Successor, for the City to retain for affordable housing purposes. FISCAL IMPACT The proposed amendments to the Lease will not change the financial obligations of the Successor Agency. CONCLUSION To assist Magnolia SSF LP with refinancing to ensure ongoing affordability of the units at Magnolia Plaza, it is recommended that the Board adopt a resolution authorizing an amendment to the Land Lease Agreement with Magnolia SSF LP for the land located at 630 Baden Avenue. City of South San Francisco Printed on 4/18/2022Page 2 of 2 powered by Legistar™ City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:22-211 Agenda Date:3/23/2022 Version:1 Item #:2a. Resolution of the Successor Agency to the Former Redevelopment Agency of the City of South San Francisco authorizing the Executive Director to amend the Land Lease Agreement with Magnolia SSF LP for the land at 630 Baden Avenue. WHEREAS,the Successor Agency to the Former Redevelopment Agency of the City of South San Francisco (“Successor Agency”) is the fee owner of the land located at 630 Baden Avenue in South San Francisco; and WHEREAS, the Former Redevelopment Agency of the City of South San Francisco and South San Francisco Magnolia Plaza Associates, a California limited partnership, were parties to that certain Land Lease dated as of May 1, 1987 (“Original Lease”). Pursuant to the Original Lease, the Magnolia Plaza project was constructed at 630 Baden Avenue, including affordable residential units; and WHEREAS, pursuant to an Assignment and Assumption of Land Lease dated as of December 10, 2021, and together with the Original Lease, (collectively the “Lease”), and recorded December 16, 2021, the Successor Agency and South San Francisco Magnolia Plaza Associates assigned all of its right, title, and interest, as tenant under the Original Lease, to Magnolia SSF LP; and WHEREAS, Magnolia SSF LP agreed to assume the Original Lease for the balance of the term and to perform all of the covenants, duties, and obligations of San Francisco Magnolia Plaza Associates, as tenant under the Original Lease; and WHEREAS, the Successor Agency has acknowledged Magnolia SSF LP as the tenant under the Lease; and WHEREAS, the Successor Agency and Magnolia SSF LP now desire to amend the terms of the Lease to provide for certain modifications requested by Magnolia SSF LP’s lender, Freddie Mac, (“Lender”) in connection with financing of the leasehold estate. NOW, THEREFORE , the Successor Agency to the Redevelopment Agency of the City of South San Francisco does hereby resolve as follows: 1.The Recitals set forth above are true and correct, and are incorporated herein by reference. 2.The Executive Director is hereby authorized to take all actions necessary to implement this Resolution, including without limitation, amendment to the Land Lease Agreement with Magnolia SSF LP for 630 Baden Avenue,subject to approval as to form by the City Attorney. 3.The Executive Director is authorized to amend Section 4.2 of the Lease to incorporate one or more of the following requirements: ·Lender consent to termination for any termination, surrender or cancellation City of South San Francisco Printed on 4/18/2022Page 1 of 2 powered by Legistar™ File #:22-211 Agenda Date:3/23/2022 Version:1 Item #:2a. ·Written notice to Lender before termination for any termination, surrender or cancellation ·Clarify Lender’s right to a new lease following a rejection of the lease by Magnolia SSF LP in a bankruptcy 4.The Executive Director is authorized to make any other modifications to the Lease that do not increase the Successor Agency’s obligations, subject to approval as to form by the City Attorney. 5.The Executive Director, and his designees, are authorized and directed to take such actions as necessary and appropriate to carry out and implement the intent of this Resolution. *** * * City of South San Francisco Printed on 4/18/2022Page 2 of 2 powered by Legistar™